Ashik D Sanghvi HUF and its associated persons acting in concert (PACs) have increased their stake in Viji Finance by acquiring 1.5 crore equity shares through the conversion of warrants allotted on a preferential basis. The allotment was effected on August 12, 2026, representing 6.79% of the company’s total paid-up equity share capital.

The acquisition brings the aggregate holding of Ashik D Sanghvi HUF and its PACs to 3 crore shares, or 13.57% of the diluted voting capital. Prior to this transaction, the group held 1.5 crore shares, which accounted for 7.28% of the share capital. The transaction involved four entities acting in concert: Ashik D Sanghvi HUF (acquirer), Kunal D Sanghvi HUF, Dhirajlal V Sanghvi HUF, and Sagar D Sanghvi HUF.

Acquisition Details

The warrant conversion was executed under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The acquirer group is not classified as part of the promoter or promoter group. The following table outlines the shareholding structure before and after the acquisition:

The equity share capital of Viji Finance increased from ₹20.6 crore (20.6 crore shares of Re. 1 each) to ₹22.1 crore (22.1 crore shares of Re. 1 each) following the conversion. The total diluted share/voting capital stands at ₹22.1 crore post-acquisition.

Regulatory Compliance

Ashik D Sanghvi, as Karta of Ashik D Sanghvi HUF, filed the disclosure with the Bombay Stock Exchange (BSE), National Stock Exchange (NSE), and Calcutta Stock Exchange (CSE) on August 14, 2026. The filing confirms that while the shares have been allotted, they have not yet been credited to the respective demat accounts. Trading and listing approvals from the stock exchanges are currently awaited.

What the Numbers Show

The acquisition doubles the group’s stake from 7.28% to 13.57% without any cash outflow for share purchase, as the shares were derived from previously allotted warrants. This move consolidates the non-promoter institutional interest in the company, crossing the 10% threshold often monitored for significant shareholder influence, though the group remains distinct from the promoter circle.

Viji Finance Ltd has received listing approval from BSE Limited and the National Stock Exchange of India Limited (NSE) for 4,90,00,000 equity shares issued on a preferential basis pursuant to the conversion of warrants. The company made this disclosure on August 05, 2026, in accordance with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with Schedule III of the SEBI Listing Regulations.

Key Details of the Listing Approval

The listing approval covers equity shares allotted to non-promoters/public category investors. The following table summarises the key parameters of the approved shares:

BSE Listing Approval

BSE Limited granted listing approval vide letter no. LOD/PREF/SS/FIP/619/2026-27 dated August 05, 2026. As per the BSE communication, trading approval for the aforementioned shares will be granted only after the company fulfils certain conditions. These include:

• Submission of listing approval from NSE (if applicable)
• Confirmation letters from NSDL/CDSL regarding the crediting of shares to respective beneficiary accounts and admission of capital to the depository system
• Confirmation letters from NSDL/CDSL regarding lock-in of pre-preferential holdings (if applicable)

BSE also noted that the company must ensure compliance with the provisions of Regulation 167 of SEBI (ICDR) Regulations. Additionally, in the event of a change exceeding two per cent of the total paid-up share capital, the company is required to file the shareholding pattern in XBRL mode as mandated under Regulation 31(1)(c) of SEBI LODR Regulations, 2015.

Further, as per Schedule XIX of ICDR Regulations and SEBI circular no. SEBI/HO/CFD/PoD-2/P/CIR/2023/00094 dated June 21, 2023, the company is required to make an application for trading approval to the stock exchanges within seven working days from the date of grant of listing approval. Non-compliance with this requirement will attract fines as specified in the said SEBI circular.

NSE In-Principle Approval

NSE granted in-principle approval for listing of the 4,90,00,000 equity shares of Re.1/- each vide reference NSE/LIST/56342 dated August 05, 2026. NSE confirmed that the shares will be listed and admitted to dealings on the exchange upon receipt of confirmation from depositories — NSDL and CDSL — regarding the credit of beneficiaries' accounts.

The disclosure was signed by Vijay Kothari, Chairman & Managing Director of Viji Finance Ltd, on August 05, 2026.